| SCHEDULE OF DISCONTINUED OPERATIONS |
The
following table presents the assets and liabilities associated with the discontinued operations of SEM:
SCHEDULE
OF DISCONTINUED OPERATIONS
| |
|
December 30, |
|
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
$ |
54,300 |
|
|
|
217,200 |
|
| Total Assets held for sale |
|
$ |
54,300 |
|
|
$ |
217,200 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| Accounts payable |
|
$ |
25,700 |
|
|
|
40,800 |
|
| Accrued liabilities |
|
|
10,000 |
|
|
|
10,000 |
|
| Current portion of long-term debt |
|
|
7,200 |
|
|
|
25,400 |
|
| Total current liabilities |
|
|
42,900 |
|
|
|
76,200 |
|
| |
|
|
|
|
|
|
|
|
| Long-term debt |
|
|
- |
|
|
|
9,200 |
|
| Total liabilities held for sale |
|
$ |
42,900 |
|
|
$ |
85,400 |
|
Major
classes of line items constituting pretax income on discontinued operations:
| |
|
2023 |
|
|
2022 |
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Services revenue |
|
$ |
- |
|
|
$ |
120,400 |
|
| |
|
|
|
|
|
|
|
|
| Services costs |
|
|
- |
|
|
|
(300,500 |
) |
| General and administrative expenses |
|
|
(15,900 |
) |
|
|
(96,200 |
) |
| Salaries and related expenses |
|
|
- |
|
|
|
(53,800 |
) |
| Other income (expense) |
|
|
175,600 |
|
|
|
(800 |
) |
| Impairment loss |
|
|
- |
|
|
|
(319,700 |
) |
| Total income (expense) |
|
|
159,700 |
|
|
|
(771,000 |
) |
| |
|
|
|
|
|
|
|
|
| Operating income (loss) |
|
|
159,700 |
|
|
|
(650,600 |
) |
| Income tax benefit |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total income (loss) from discontinued operations |
|
$ |
159,700 |
|
|
$ |
(650,600 |
) |
|